World Perspectives
feed-grains soy-oilseeds wheat

Oilseed Highlights

It is well known that people tend to eat higher quality diets containing more animal protein and vegoils when they migrate from farms to the cities. That has been a major reason for the phenomenal growth in China’s consumption of such since the early 1990s. Now it appears that a new government initiative will impact soy demand there in the future. Cheaper Soyoil Gains Increase in Indian Market The lower price of soyoil versus that of palm oil is allowing it to gain a much larger share of India’s growing vegoil demand. Over the last year, its premium over palm oil in the market there has declined by more than 50 percent to around $35/MT. That has made soyoil more affordable for Indian consumers who prefer to use that variety.USDA estimates...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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